Uphold teases XRP yield and relaunching crypto debit card in US
Uphold said on Friday that it is exploring ways of unlocking yield on
XRP -0.61%
, including testing staking through Flare Network, according to a post to X.
"Welcome to the world of smart contracts and DeFi opportunities, #XRPArmy," Uphold said in its post. "Stay tuned for the beta."
In late 2023, Uphold launched the self-custody wallet Vault, which initially supported XRP token. Flare Network is an EVM-compatible Layer 1 blockchain aimed at enhancing interoperability and data accessibility across multiple chains. The project's total value locked recently spiked after the launch of USDT0, an omnichain version of the USDT stablecoin, on the blockchain.
Uphold also said it will be relaunching its Uphold crypto debit card, currently only available in the UK, in the United States. Uphold's cards, available in both virtual and physical form, allow users to spend digital assets held in their wallet.$XRP
$BTC
$SOL
